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(MGEL) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL) share price targets

Complete technical analysis of Mangalam Global (MGEL) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL)

Showing technical analysis as on 2024-10-25 View latest technical analysis

10 day averaged volume of Mangalam Global is 947099

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	23.68	24.24	24.24	22.87	0.28 times
24 Thu Oct 2024	23.67	23.99	25.20	22.87	0.481 times
23 Wed Oct 2024	23.50	26.00	26.70	22.71	0.757 times
22 Tue Oct 2024	26.08	27.89	28.80	25.71	0.697 times
21 Mon Oct 2024	27.67	27.45	28.89	26.52	0.558 times
16 Tue Jul 2024	29.14	29.00	30.43	28.00	1.687 times
15 Mon Jul 2024	28.13	29.02	29.23	27.57	0.424 times
12 Fri Jul 2024	29.02	31.00	31.29	28.92	0.769 times
11 Thu Jul 2024	30.64	27.73	32.00	27.13	2.539 times
10 Wed Jul 2024	27.26	28.00	28.20	24.15	1.133 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22.4 as stoploss in an intra day buy trade for a target of 25.41. However, stock will show a bearish move below 22.4.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	17.50
Downside Target	18.50
Downside Target	19.90
Downside Target	22.50
Upside Target	24.15
Upside Target	25.70
Upside Target	26.40
Upside Target	27.57
Upside Target	28.89
Upside Target	29.30
Upside Target	30.43
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	21.3
Downside Intraday Target	18.91
Upside Intraday Target	27.48
Upside Intraday Target	31.27
Upside Intraday Target	25.09

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	23.68	27.45	28.89	22.71	1.313 times
16 Tue Jul 2024	29.14	29.02	30.43	27.57	0.233 times
12 Fri Jul 2024	29.02	28.50	32.00	24.15	0.399 times
05 Fri Jul 2024	27.03	22.70	29.30	20.25	2.811 times
28 Fri Jun 2024	22.36	20.92	22.50	20.35	1.234 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	23.68	27.45	28.89	22.71	0.082 times
16 Tue Jul 2024	29.14	22.70	32.00	20.25	1.951 times
28 Fri Jun 2024	22.36	20.40	22.75	18.50	2.855 times
31 Fri May 2024	20.60	25.70	25.70	19.90	0.693 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mangalam Global (MGEL)

Price action analysis of Mangalam Global ( (MGEL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mangalam Global ( (MGEL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mangalam Global ( (MGEL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mangalam Global stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Global in short term but the sell signal is initial and weak.

Mangalam Global Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Mangalam Global in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mangalam Global is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 28.04 and Mangalam Global (MGEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mangalam Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.